The euro slid against its 16 major counterparts at 1:19 p.m.
in New York. The MSCI World Index, a measure of 24 developed
nations, slipped 1.1 percent and the Standard & Poor’s 500 Index
lost 0.9 percent. The yield on Spain’s 10-year bond added 25
basis points and Portugal’s climbed five basis points as the
cost of insuring the countries’ debt against default jumped to
records. Oil futures rallied 1.9 percent to $85.37 a barrel,
leading gains in commodities.